Avidian Wealth Solutions LLC Sells 532 Shares of Mastercard Incorporated (NYSE:MA)

Avidian Wealth Solutions LLC cut its position in Mastercard Incorporated (NYSE:MA) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 533 shares of the credit services provider’s stock after selling 532 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Mastercard were worth $227,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in Mastercard during the 4th quarter worth approximately $27,000. Criterion Capital Advisors LLC acquired a new stake in Mastercard in the fourth quarter valued at $33,000. Barometer Capital Management Inc. bought a new position in Mastercard during the 3rd quarter worth $36,000. Thomas J. Herzfeld Advisors Inc. lifted its holdings in Mastercard by 661.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after buying an additional 86 shares during the period. Finally, JCIC Asset Management Inc. grew its position in shares of Mastercard by 34.0% in the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after buying an additional 34 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Susquehanna restated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Mizuho decreased their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group boosted their target price on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Barclays lowered their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 142,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares of the company’s stock, valued at $42,612,262,959.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the sale, the insider now owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 725,088 shares of company stock worth $329,657,858. 0.13% of the stock is owned by insiders.

Mastercard Stock Up 1.3 %

MA stock opened at $449.37 on Tuesday. The firm has a market capitalization of $419.21 billion, a PE ratio of 35.72, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The stock’s 50 day moving average is $469.07 and its 200-day moving average is $438.74.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the business earned $2.80 EPS. The business’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.